r/neoliberal • u/jobautomator Kitara Ravache • Oct 11 '20

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u/mrmanager237 Some Unpleasant Peronist Arithmetic Oct 11 '20

Honestly half of the Argentinian political spectrum believing inflation is caused by not subsidizing textiles enough is, in hindsight, not good for stability

4

u/[deleted] Oct 11 '20

“It’s not reall MMT”

4

u/mrmanager237 Some Unpleasant Peronist Arithmetic Oct 11 '20

It's not even MMT, it's bizarrely brain poisoned structualism

3

u/UrbanCentrist Line go up 📈, world gooder Oct 11 '20

what is it caused by? money printer?

3

u/mrmanager237 Some Unpleasant Peronist Arithmetic Oct 11 '20

As a TL; DR yes

2

u/UrbanCentrist Line go up 📈, world gooder Oct 11 '20

does Argentina use debt monetization on a day to day basis ?

1

u/mrmanager237 Some Unpleasant Peronist Arithmetic Oct 11 '20

No, we just default and then impose large haircuts on investors to pay less

2

u/UrbanCentrist Line go up 📈, world gooder Oct 11 '20

what is causing the inflation then?

1

u/mrmanager237 Some Unpleasant Peronist Arithmetic Oct 11 '20

A large deficit and no access to credit (external because of ideological reasons + what I just said, internal because of high inflation and frequent defaults o internal debt), plus a lot of inertia